KKR has invested in EQuest Education Group (EQuest), an educational services provider in Vietnam.
EQuest operates a diversified portfolio across the educational sector in Vietnam, focusing on four core segments including K-12 bilingual schools, tertiary and vocational institutions, English enrichment courses, and digital learning solutions. Its K-12 portfolio, which serves more than 9,000 students in its eight campuses, has gained a strong reputation in Vietnam where there is a rapidly growing demand for an affordable bilingual curriculum with strong efficacy. As a group, EQuest has more than 110,000 students enrolled across its segments each year, positioning the Company as one of the largest private educational services providers in Vietnam.
KKR is a leading global investment firm with USD367 billion of assets under management as of 31 March, 2021. The investment is made through the KKR Global Impact Fund (KKR Global Impact), and marks the Fund’s fourth investment globally in the educational and workforce development space as part of the Fund’s thematic focus on Lifelong Learning. The Fund is focused on generating risk-adjusted returns by investing in companies that contribute toward the United Nations Sustainable Development Goals (SDG). EQuest’s business directly contributes towards SDG 4 (Quality Education) by providing accessible, affordable and high-quality education to Vietnam’s emerging middle-class population.
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